Markets are steeped in extreme fear: Bitcoin is clinging to $90,000 as institutional sellers dominate and liquidity measures like the RRP remain at multi-year lows, while rising "trueflation" keeps rate cuts off the table.

The report highlights a disciplined accumulation strategy focused on durable infrastructure—Chainlink, AAVE (V4 and OVAP), and Uniswap’s fee-burn governance vote—while noting ongoing innovation from Ethereum interop work and enterprise integrations like Polygon.

It also covers high-stakes political capital and controversy, including Reuters’ allegations about the Trump family’s WLFI token sales, underscoring the clash between long-term fundamentals and disruptive, politically driven capital flows.